Allegro MicroSystems, Inc. (ALGM) Financial Statements (2024 and earlier)

Company Profile

Business Address 955 PERIMETER ROAD
MANCHESTER, NH 03103
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments351,576334,306282,383197,214
Cash and cash equivalents351,576334,306282,383197,214
Restricted cash and investments7,1299,8227,4166,661
Receivables141,787128,127114,61593,332
Inventory, net of allowances, customer advances and progress billings151,301119,58086,16087,498
Inventory151,301119,58086,16087,498
Disposal group, including discontinued operation    25,969
Other undisclosed current assets14,03628,11721,11819,890
Total current assets:665,829619,952511,692430,564
Noncurrent Assets
Operating lease, right-of-use asset16,86614,74016,049 
Property, plant and equipment263,099232,076210,028192,393
Long-term investments and receivables35,70337,34333,29626,664
Due from related parties8,4389,3755,625 
Long-term investments27,26527,96827,67126,664
Intangible assets, net (including goodwill)80,06981,36055,97956,472
Goodwill27,69128,23020,00920,106
Intangible assets, net (excluding goodwill)52,37853,13035,97036,366
Deferred income tax assets50,35946,26217,96726,972
Other noncurrent assets69,23052,33247,60914,613
Other undisclosed noncurrent assets    
Total noncurrent assets:515,326464,113380,928317,114
TOTAL ASSETS:1,181,1551,084,065892,620747,678
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities100,83488,77453,94059,354
Taxes payable1,831514
Employee-related liabilities20,41420,799
Accounts payable56,25649,94529,83635,389
Accrued liabilities 44,57838,8291,8592,652
Debt    
Deferred compensation liability 40,48430,09533,60721,538
Self insurance reserve   4171,518
Due to related parties9,6825,6595,2222,353
Other undisclosed current liabilities14,32512,70011,03731,911
Total current liabilities:165,325137,228104,223116,674
Noncurrent Liabilities
Long-term debt and lease obligation25,00025,00037,74825,000
Long-term debt, excluding current maturities25,00025,00025,00025,000
Liabilities, other than long-term debt24,01527,28115,28619,133
Deferred income tax liabilities 4,438  
Other liabilities10,96711,48515,28619,133
Operating lease, liability13,04811,35812,748 
Total noncurrent liabilities:49,01552,28153,03444,133
Total liabilities:214,340189,509157,257160,807
Equity
Equity, attributable to parent965,628893,379734,207585,752
Common stock1,9181,9141,9051,896
Additional paid in capital674,179667,908627,792592,170
Accumulated other comprehensive loss(20,784)(24,781)(18,448)(11,865)
Retained earnings310,315248,338122,9583,551
Equity, attributable to noncontrolling interest1,1871,1771,1561,119
Total equity:966,815894,556735,363586,871
TOTAL LIABILITIES AND EQUITY:1,181,1551,084,065892,620747,678

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
Revenues973,653135,827768,674591,207
Cost of revenue
(Cost of Goods and Services Sold)
(348,390)(268,117)(361,214)(312,305)
Other undisclosed gross profit(79,184)(43,101)  
Gross profit:546,079392,990407,460278,902
Operating expenses(342,772)(252,787)(270,810)(266,744)
Operating income:203,307140,203136,65012,158
Nonoperating income (expense)3,3103,7225,153(1,951)
Investment income, nonoperating1,7243601,0071,413
Gain (loss), foreign currency transaction, before tax9802,597(568)(2,889)
Other nonoperating income (expense)6067654,714(475)
Interest and debt expense(2,336)(1,144) (9,055)
Other undisclosed loss from continuing operations before equity method investments, income taxes    
Income from continuing operations before equity method investments, income taxes:204,281142,781141,8031,152
Income (loss) from equity method investments (406)297  
Other undisclosed income (loss) from continuing operations before income taxes7,471347(1,057)(2,603)
Income (loss) from continuing operations before income taxes:211,346143,425140,746(1,451)
Income tax expense (benefit)(23,852)(17,943)(21,191)19,552
Income from continuing operations:187,494125,482119,55518,101
Income before gain (loss) on sale of properties:60,931119,55518,101
Net income:187,494125,482119,55518,101
Net loss attributable to noncontrolling interest(137)(102)(148)(148)
Net income attributable to parent:187,357125,380119,40717,953
Other undisclosed net income available to common stockholders, basic137102148148
Net income available to common stockholders, diluted:187,494125,482119,55518,101

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
Net income:187,494125,482119,55518,101
Other comprehensive income (loss) (2,400) (6,694)8,132
Other undisclosed comprehensive income (loss)(137)(6,516)(148)(148)
Comprehensive income:184,957118,966112,71326,085
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6481111(21)
Comprehensive income, net of tax, attributable to parent:185,021119,047112,82426,064

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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